Will Banks Count Your Coins for Free?


Quick Answer

Banks greatly vary in whether or not they count their customer's coins for free; some banks permit customers to use a coin counting machine onsite free of charge, while others only accept rolled coins, as stated by Bankrate, a personal finance website. Customers should check with their bank to determine their policies and fees involving unwrapped coins.

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Full Answer

Individuals who bank at an institution that requires coins to be wrapped should consider investing in a coin rolling machine. This machine sorts the coins and loads them into coin wrappers, making the process of wrapping and loading coins much less tedious.

Another option for unwrapped coins is a commercial coin-counting machine. Some commercial machines waive charges when customers exchange the value of the coins for a gift card.

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